Given that the number of global transactions keeps rising, procurement and finance teams are facing the challenge of accelerating operational processes and increasing efficiency.

The overall impact of AI on finance and procurement processes across the value chain is growing, and there are many ways in which AI is able to support departments with their day-to-day challenges and with making processes more efficient.

 

Contents:

Growing Need for Smart Processes in Finance and Procurement

Hotspots for AI Implementation

  • Procure-to-pay (P2P)
  • Order-to-cash (O2C)
  • Financial planning
  • Financial reporting

Enhancing Horizontal Business Applications with AI

PAC’s Recommendations

  • Recommendations for IT providers
  • Recommendations for IT users

Authors